Quit acting like you know what you're talking about. You haven't a clue...
Gas up to 4.69 in my area today
- Thread starter Stone
- Start date
Quit acting like you know what you're talking about. You haven't a clue...
Taichiliberal
Shaken, not stirred!
Not good. In fact it will be over 6 here by sometime in July. Going to cause a whole lot of other products to rise right along with it. Thanks Joe! Ive heard the LIE said many times that the Democrats are the party for the poor. I wonder what so many of those poor Dems think now?NOVEMBER IS COMING.
Please explain in your own words how EXACTLY Biden is responsible for prices at the pump. We'll wait.
Incorrect, I do know what I'm talking about...natural gas is not profitable.
That is why so many Natural Gas companies have gone bankrupt since 2016.
Life is Golden
The Sage
Gas is going up here again.
It’s great!
Joe Capitalist
Racism is a disease
LOL! Sure you do. It was profitable, until Jan. 2020.
Which ones were they? How many before Jan. 2020?
No it wasn't.
The 15 Biggest Oil & Gas Bankruptcies (So Far)
May 9, 2016
https://www.forbes.com/sites/christ...gest-oil-bankruptcies-so-far/?sh=33c0e6597ff9
2016 Corporate Bankruptcy Recap: Bankruptcies Up 25%; 41% Were Oil & Gas/Energy Sector-Related
January 10, 2017
https://seekingalpha.com/article/40...s-up-25-percent-41-percent-oil-and-gas-energy
$17.85 Billion in Oil and Gas Bankruptcies in 2015
January 8, 2016
https://www.oilandgas360.com/17-85-billion-in-oil-and-gas-bankruptcies-in-2015/
U.S. oil bankruptcies spike 379%
Feb 11th, 2016
https://money.cnn.com/2016/02/11/investing/oil-prices-bankruptcies-spike/
It hasn't been profitable since 2015, when OPEC dropped the price per barrel of oil so low that it bankrupted dozens of US oil and natural gas companies.
All of them were before 2020.
These dumb companies had been going bankrupt for 5 years before to the tune of $100B+.
Why don't you just move to a place where gas is cheaper instead of complaining about gas prices where you are?
Of those, how many were natural gas drillers? How many were operating in the US?
Why should it be more expensive here than elsewhere?
Half were natural gas and all of them were US operations.
Read the links I gave you.
You know what industry hasn't gone through bankruptcies for 6 years? Solar companies. And now, more people work in solar & wind (255,000 + 85,000) vs. oil & natural gas (315,672).
The free market, duh.
This is capitalism.
This is what you've always wanted.
If you want the same gas prices everywhere, then the only thing you can do is nationalize the oil industry in order to control and set the prices.
But something tells me you don't support such a thing, so you are proving to be the obstacle to solving the thing you're also complaining about.
Callinectes
Proud MAGA Semi-Facist
Wow. Never would have taken you for a Nixon guy. And the scheme worked for him too. The trick is to know when to ease off on it or you end up with wage and price controls for 75 years (AKA the end of the Soviet Union). And you don't have to "nationalize the oil industry" to do it, you have to exercise monetary controls.
Nixon didn't nationalize the oil industry, which is why the big ones make obscene profits today.
Price controls all within the context of capitalist profit motives, not state ownership.
In the Soviet Union, the state controlled the means of production, and it worked for them for 75 years...the USSR, unlike the US, didn't go through dozens and dozes of recessions since 1918.
Has the US ever experienced a period of 75 consecutive years of economic growth with no depressions or recessions? LOL. No.
The capitalist economy has failed more times than can be counted and each and every time, it has been saved by government action.
Since 1918, the US has experienced ~20 recessions and 1 Depression. That sure as shit doesn't seem good not even by comparison to the USSR.
No.
The problem remains that keeping control of the industry in private hands leads to price gouging in order to make profit.
Callinectes
Proud MAGA Semi-Facist
Uh, yeah. Probably because he wasn't a big fan of socio-fascism.
Ah! Here we go! "Obscene profits". Definitely not a Nixon man. So, let me guess, Putin lover? No? Then how about Stalin/Lenin/Hitler/Mao all rolled up into one smelly shitball?
Duh. The capitalist system is based on profit. Obscene or otherwise. Why do you care?
Yes, the state controlled the means of production. But the communist manifesto wanted the workers to seize control. You know what's inscribed on Karl Marx's tombstone? "Workers of the world, unite!". And that system did NOT work! It has NEVER worked. I'll take "dozens and dozens of recessions" over one really LOOOONG depression any day. You think I'm wrong, find a Russian immigrant and ask them about their work experience in the old USSR. Soviet workers had a saying, "THEY PRETEND TO PAY US, AND WE PRETEND TO WORK."
It has never failed, or else we would have another system in place. And exactly how has "government action" ever saved it other than implementing sounder economic policies?
Has the US ever experienced a period of 75 consecutive years of economic stagnation, lack of innovation, and substandard living and working conditions? And it's funny you mention depressions, because what we call the great depression here in the USA, was actually a WORLDWIDE depression, as is the recession we're in today. Your precious Russians came out of the great depression into WW2, out of WW2 back into a depression from which they eked out a severe recession, and that's where they stayed until the USSR croaked. Now they're just stuck in the worldwide recession with the rest of us. But they're comfortable there. It's familiar.
Is it just the oil and gas industry that's got your panties twisted up? And at what point is it price gouging? Because it's a slippery slope. Lots of people out there making profits, and they're probably obscene profits, by your standards.
So then why did you call me Nixonian if what I propose (nationalization) has nothing to do with what Nixon did?
How else can you explain why every single oil company has made record profits for the last two years? They are artificially constraining supply in order to increase demand, and thus increase the price per barrel.
The only motive oil companies have is profit, and they achieve profit by keeping the price of oil high...so it is never in their interest to ramp up production to meet US demand because that means less profits.
What has more value: 1000 barrels @ $100/barrel or 10,000 barrels at @ $1/barrel? I know that's probably advanced math for you, but I believe in you and know you can do it!